Wednesday 30 November 2016

[wanabidii] Morgan Stanley-managed mutual fund cuts Flipkart valuation to $5.5 billion

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Morgan Stanley-managed mutual fund cuts Flipkart valuation to $5.5 billion
Morgan Stanley-managed mutual fund cuts Flipkart valuation to $5.5 billion
A mutual fund managed by Morgan Stanley has sharply cut the value of its shares in India's largest e-tailer for the fourth time over a period of a year, valuing the company at $5.5 billion.
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Flipkart loses another top executive
Flipkart's SVP (engineering) Peeyush Ranjan, who was the chief technology officer at the company till a few months back, has resig ned, adding to the list of top-level exits that have hit the e-tailer since last year.
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Here's how ban on Rs 500 and Rs 1000 notes may hurt PM Modi's 'Make in India' plans
Industry insiders said they expect 2-3 months impact on current manufacturing activities. Analysts expect demand to normalise by mid-February to March.
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Rs 500 and Rs 1000 notes ban: Apple sees huge sales jump in India
iPhone sales skyrocket immediately after scrapping of Rs 500 and Rs 1,000 notes as people rush to dump banned currency.
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Motorola Moto M with Helio P15 processor to launch in India soon
Lenovo-owned Motorola is all set to launch its mid-range smartphone, Moto M, in India. The company has teased the Moto M on its social media platforms with some image showing the back of the phone.
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WhatsApp video calling is now available to everyone
In order to use the feature; both the parties should have the latest version of the WhatsApp that supports video calling
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Acer launches world’s thinnest laptop in India
Weighing 1.1kg, it is the firm's first-ever laptop thinner than 1 cm, beating the recently launched HP Spectre which measures 1.04 cm.
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Meet Lakshmi, India's first banking robot
Endearing, interactive and superfast with data, India's first banking robot Lakshmi made her debut on Thursday in the city. Launched by the Kumbakonam-based City Union Bank, the artificial intelligence powered robot will be the first on-site bank hel...
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This is how Flipkart plans to improve customer experience
It will rank sellers in three categories — gold, silver, bronze — and also offer added benefits including discounts on shipping fee, faster payouts and priority seller support.
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OnePlus 3T with Snapdragon 821 SoC confirmed, courtesy Qualcomm
The OnePlus 3T is speculated to be an upgraded version of OnePlus 3 smartphone and is likely to launch on November 14.
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